Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2019

Schedule of Fair Value of Assets and Liabilities Measured on Recurring Basis

Assets and liabilities of the Company are measured at fair value on a recurring basis as of September 30, 2019 and are summarized as follows:


			Fair Value Measurements at Reporting Date Using
Description	September 30, 2019		Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Cash equivalents:
Money market funds	$	4,732	$	4,732	$	—	$	—
Time deposits and certificates of deposit		4,651		—		4,651		—
Commercial paper		40,966		—		40,966		—
U.S. treasury obligations		7,999		—		7,999		—
U.S. agency obligations		20,592		—		20,592		—
Restricted cash – money market funds		330		330		—		—
Available-for-sale investments:
Time deposits and certificates of deposit		6,262		—		6,262		—
Bankers’ acceptance drafts		4,540		—		4,540		—
Commercial paper		44,981		—		44,981		—
U.S. treasury obligations		3,602		—		3,602		—
U.S. agency obligations		29,462		—		29,462		—
Group insurance contracts		5,746		—		5,746		—
Derivatives – currency forward contracts		4,232		—		4,232		—
Funds in investments and other assets:
Israeli pension assets		16,135		—		16,135		—
Deferred compensation plan assets:
Mutual funds and exchange traded funds		1,832		—		1,832		—
Money market securities		483		—		483		—

Total assets	$	196,545	$	5,062	$	191,483	$	—

Liabilities:
Derivatives – currency forward contracts	$	308	$	—	$	308	$	—
Derivatives – interest rate hedge – non-current		6,908		—		6,908		—

Total liabilities	$	7,216	$	—	$	7,216	$	—

Reported as follows:
Assets:
Cash and cash equivalents, including restricted cash (1)	$	79,270	$	5,062	$	74,208	$	—
Short-term investments		88,847		—		88,847		—
Other current assets		4,232		—		4,232		—

Total current assets	$	172,349	$	5,062	$	167,287	$	—

Long-term investments (2)	$	5,746	$	—	$	5,746	$	—
Other assets		18,450		—		18,450		—

Total long-term assets	$	24,196	$	—	$	24,196	$	—

Liabilities:
Other current liabilities	$	308	$	—	$	308	$	—
Other liabilities	$	6,908	$	—	$	6,908	$	—

(1)	The cash and cash equivalent amounts presented in the table above do not include cash of $307,011 as of September 30, 2019.

(2)	The long-term investments presented in the table above do not include the Company’s minority interest investment in a private company, which is accounted for under the cost method.

Assets and liabilities of the Company are measured at fair value on a recurring basis as of December 31, 2018 and are summarized as follows:


			Fair Value Measurements at Reporting Date Using
Description	December 31, 2018		Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Cash equivalents:
Money market funds	$	180,340	$	180,340	$	—	$	—
Time deposits and certificates of deposit		850		—		850		—
Commercial paper		2,687		—		2,687		—
U.S. agency obligations		3,418		—		3,418		—
Restricted cash – money market funds		110		110		—		—
Available-for-sale investments:
Time deposits and certificates of deposit		102		—		102		—
Bankers’ acceptance drafts		989		—		989		—
Asset-backed securities		9,113		—		9,113		—
Commercial paper		19,359		—		19,359		—
Corporate obligations		9,352		—		9,352		—
U.S. treasury obligations		13,298		—		13,298		—
U.S. agency obligations		21,613		—		21,613		—
Group insurance contracts		5,890		—		5,890		—
Derivatives – currency forward contracts		2,485		—		2,485		—
Funds in investments and other assets:
Israeli pension assets		14,408		—		14,408		—
Derivatives – interest rate hedge – non-current		6,083		—		6,083		—

Total assets	$	290,097	$	180,450	$	109,647	$	—

Liabilities:
Derivatives – currency forward contracts	$	1,168	$	—	$	1,168	$	—

Reported as follows:
Assets:
Cash and cash equivalents, including restricted cash (1)	$	187,405	$	180,450	$	6,955	$	—
Short-term investments		73,826		—		73,826		—
Other current assets		2,485		—		2,485		—

Total current assets	$	263,716	$	180,450	$	83,266	$	—

Long-term investments (2)	$	5,890	$	—	$	5,890	$	—
Other assets		20,491		—		20,491		—

Total long-term assets	$	26,381	$	—	$	26,381	$	—

Liabilities:
Other current liabilities	$	1,168	$	—	$	1,168	$	—

(1)	The cash and cash equivalent amounts presented in the table above do not include cash of $456,940 as of December 31, 2018.

(2)	The long-term investments presented in the table above do not include the Company’s minority interest investment in a private company, which is accounted for under the cost method.